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Search Results 0 to 29 of about 30 (some duplicates have been removed)
our deficit and a balanced and responsible way. for nearly two years now, i have been fighting for such a plan. one that would reduce our deficit by four trillion dollars over the next decade which would stabilize our debt and our deficit and sustain us for the next decade. that would be enough not only to stop the growth of our debt and the size of our economy and make it manageable. education and job training in science and research and all of those things that help us grow. step-by-step, we have made progress towards that goal. over the past few years and signed into law 1.4 trillion dollars in spending cuts. two weeks ago i signed into law more than $600 billion in revenue by making sure the wealthiest americans began to pay their fair share. when you add the money that we will save in interest payments on the dead altogether that adds up to a total of about 2.5 trillion dollars and deficit reduction over the past two years. not counting the $400 billion already safe from winding down the wars and i rock and afghanistan. we have made progress. we are moving towards our ulti
could be here. he is a deficit hawk. more important than that he is a thoughtful and conscious -- voice of a conscious for the senate throughout his term on fiscal responsibility. we worked together in a very effective way to try to bring some sort of bipartisan effort into the requirement that we do something about the debt. it was really, as was mentioned, an idea that we came up with on a long plane ride i think to central america to put together a commission that then threw into the simpson bowls proposal that has become the defining memo for the effort to try to get that is under control. bob zoellick is fond of quoting a friend of his, the foreign minister of australia. we met a few months ago who said to him the united states is one debt deal away from leading the world out of fiscal chaos and disruption. we are. we truly are. we are a nation on the brink of massive economic expansion. from the place that can't is from, north dakota, you see the change in the paradigm on energy. we will go from importing country to an exporting country. our cost of energy for as far as i can see
heights communications. kristi, to you first. candidate obama in 2008 promised to cut the deficit in half by the end of his first term. that hasn't happened. how about by the end of his second? >> well, john, i think what's important to remember is that as president obama is starting his second term, he's doing so in a remarkably strong position with high approval ratings and a great record in his first term. when he started, as we all know, the economy was in the ditch. he was able to successfully get us out of that at the point where last week the u.s. stocks closed at their highest level in five years and was able to pass historic health care legislation. by contrast, republicans have their ratings in the toilet. what that means is that there's probably -- it's going to bode well for their ability to compromise with him and for the president to get a second term agenda passed. >> chris, i suppose you see it somewhat differently. >> she addressed political positioning and i think that's what the second term will be about, political positioning rather than solving problems. i don't know
on the table. >> ironically would probably increase our deficit. it is absurd. >> the president won't back down on the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an assault weapon ban. >> everybody is totally upset by it. >> what makes sense? what works? >> this is a moment to act. >> this is a promise to turn the conversation into actions. >> if there is a step we can take that will save even one child, we should take that step. >> the lecturer in chief returns to the east room of the white house today to explain something to congressional republicans that previous presidents have not had to explain to congress. >> i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay fo
a reality check on where the fiscal cliff deal left the deficit. keep it right here on "morning joe." ♪ [ male announcer ] shift the balance of power decisively in your favor. the exclusive 8-speed transmission and rotary shifter in the 2013 ram 1500. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. in the middle of the night it can be frustrating. it's hard to turn off and go back to sleep. intermezzo is the first and only prescription sleep aid approved for use as needed in the middle of the night when you can't get back to sleep. it's an effective sleep medicine you don't take before bedtime. take it in bed only when you need it and have at least four hours left for sleep. do not take intermezzo if you have had an allergic reaction to drugs containing zolpidem, such as ambien. allergic reactions such as shortness of breath or swelling of your tongue or throat may occur and may be fatal. intermezzo should not be taken if you have taken another sleep medicine at bedtime or in the middle of the night or drank alcohol th
would be able to reduce the deficit by $150 billion. not a bad idea. and then if you could do all this and would only cost the average driver less than $1 per week per car, would that be a reasonable burden to impose? so i'm floating the idea. we are beginning discussions with senator mark warner of virginia. he was part of the gang of six, gang of eight. we are encouraged by what we're hearing from him. chairman bill shuster in the house came to our meeting in pittsburgh in november, and he said, listen, folks, we know that the central question congress will have to address next year is revenue. we are open to ideas. no guarantee that they can pass anything. but bill shuster is open to any and all ideas. so what i'm asking you to do is to join us in the battle that lies ahead this next couple of years and demand that congress provide long-term funding for transportation. you know, the big issue that every member of congress is concerned about is with deficits, long-term fiscal viability of the country and cutting spending and raising revenue, that combination is what people seem
house caprettto prioritize the government's bills. guest: we have had some deficit reduction. as the president laid out a couple days ago, we have had over $2 trillion. we had 1.5 trillion that came from previous actions. and then we added just a few days ago some further deficit reductions through some increased taxes on the very wealthy of this country. so we have already begun to undertake a deficit-reduction. to use that as a reason to use the debt ceiling as a weapon is really playing with fire. they say pay some bills and not pay others. we have never tried that before. host: is it feasible? guest: i don't think so. which bills? social security? veterans? people out fighting for this country? which bills you pay? we never tried that. i think the president put it so well. this is not a dead beat nation, really. i think common sense is likely to prevail within the republican ranks. i know firsthand, second-hand, but much of the leadership within the house republican caucus, some of them realize the potential consequences. host: if president obama won on the fiscal cliff d
it doesn't add to our national debt and deficit when we are going to be at $20 trillion by 2016. jack lew has a lot to answer for but if every democrat votes for him, he needs five republicans to vote for him. senator sessions is a measured guy. when he makes a comment like this, i really think the senate should pay attention. >> arthel: we're going to go a little bit down the list. john brennan who is the choice leader. c.i.a. lindsay graham saying they shouldn't confirm until the administrationlab rates the attacks in benghazi. how do you see this playing out? >> i think john brennan is going to have the easiest time getting his nomination through. there will be a the couple tough questions from benghazi and also talking about enhanced interrogation procedures. ultimately those are things that happened under the bush administration. we don't torture anymore. i believe brennan is going to have a significantly and i think at the end of the day the nominations are going to saim through. >> arthel: go ahead. >> i love it when progressives against bush on drones and git more and everything e
sports stories talk about a roller-coaster ride seattle coming back from a 20 point deficit. they go with a second hail mary. atlanta wins. pate yos one whi -- patriots on away. they beat the texans. the time 41 after the hour. still ahead everyone is being forced to get health insurance or pay a fee. now it turns out obama care has more hidden secrets for taxpayers. do you want to know what it is like to be a prince or princess? it may be more of a cinderella story than a fairy tale. >> insurance companies say there has to be a mandate to make it cost effective. we have story. >> the affordable care act may get beefed up even more if insurance companies get their way. it is key to making the new law work by offsetting the cost to help six people as well. the penalty for not getting insurance is $95 or one percent of the income. in 2015 it will be $325 or two percent of your income. still much less than the cost of insurance. at those rates many healthy people will on the to forego insurance especially since they know if they get sick down the road they will not be turned away. all o
an indepth look on how to plan, how he plans to fix the deficit and whether or not it's going to work as he suggests. during sleep train's huge year end clearance sale, get beautyrest, posturepedic, even tempur-pedic mattress sets at low clearance prices. plus, get free same-day delivery, set-up, and removal of your old set. and through monday, get 3 years interest-free financing on selected models. but hurry, the special financing offer ends martin luther king, jr. day. don't miss the year end clearance sale at sleep train. superior service, best selection, lowest price, guaranteed. ♪ your ticket to a better night's sleep ♪ >>> president obama struggling with the debt ceiling, that's always a fun comedy premise. wow. this will be good. debt premise. no, president obama told congress it must raise our debt limit because the u.s. is, quote, not a deadbeat nation. yeah. and the president added, by the way, if china calls, i'm not here. >> conan o'brien poking fun at the latest financial crisis. comedians, of course, joking about it. the country's debt, one of the big issues facing the pre
budget deficit and debt, the committee sees that the budget deficit will continue to decline over the next two years. but we do not characterize the debt and deficit at unsustainably high levels. we do think the deficit is reduced to $925 billion in 2013 and narrowed further, to $728 billion in 2014. that is down from $1.1 trillion last year. that gives you an overview of the committee consensus opinion and i would be happy to answer any additional questions you might how about the committee's outlook. i will be happy to entertain other questions as well. yes? >> just to clarify a little bit on the gdp dragon on the tax hike, was that on the payroll and income tax increases? >> that is correct. >> the 1.25% dragon, was out for the whole year? -- the 1.25% drag, was that for the whole year? >> we think it will be for the whole year of fiscal 2013. >> with the labour market and some improvement on as quick as it was, without just -- there was some sentiment that it might be slowing down. >> we are seeing drags on consumer spending, but also from the ongoing recession in europe and j
its existing bills. it doesn't create new deficits, it doesn't create new spending. so not raising the debt ceiling is sort of like a family trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effect of way to improve your credit rating. >> ben bernanke says the u.s. economy appears to be willing to raise the debt ceiling. it's downplaying fierce that this could lead to higher inflation. >>. >> what do you think? >> well, i think, you know, what we've seen in the beginning of the year, like the solution of the fiscal cliff for the fist time in the more global renegotiation, what bernanke know and the government is they don't want the economy to be in another recession. probably it's going to be a slow process, but the final aim is there and everybody knows where we need to go. >> all right. let's remind you what's on today's show. we take a look out at the auto show. 5:30 eastern. spain is set to tap the bond market today. it's going to tell 12 and 18-month t bills. analysis is due in about 30 minutes' time. >>>
round stops. it's going to stop for the united states. you cannot have trillion-dollar deficits every year. >> the pain is going to be unbelievable. >> if liberalism does not work and it doesn't, it will be rejected. and the conservatives will find their leader. they always do. >> bill: i'm not disagreeing that will happen down the road but i don't want a catastrophe before it happens. and i think that's where we are headed. >> i agree with you on that. >> would've. charles thank you. in a moment al qaeda tries to take over a country in africa and the french are trying to stop it will the u.s.a. join the fight. factor tip of the day, do not fool around with mother nature. we're coming right back. for ye. both of us actually. our pharmacist recommended it. and that makes me feel pretty good about it. and then i heard about a study looking at multivitamins and the long term health benefits. and what do you know? they used centrum silver in the study. makes me feel even better, that's what i take. sorry, we take. [ male announcer ] centrum. the most recommended. most preferred. most stud
going to reduce the deficit. he knew that wasn't true and the deficit has gone through the roof and he said this to congress, deficit has gone through the roof since then. so he really -- there are a lot of republicans and one democrat, but there are a lot of republicans that didn't like his testimony. his testimony was false. and we'll see what happens. he's going to probably get the -- he's going to get it. a lot of things aren't being stopped. the republicans have not found a good way to stop things. and i'm not sure necessarily he should get stopped. this was the president's choice. the president did win the election. the president does have the right to make appointments and this is one of his appointments. but what he told congress was totally false and probably knowingly false. >> steve: i'm sure when he's called before that senate committee he's gog have an explanation of what he meant then and what he means now. >> they were tough statements and terrible statements and they couldn't have been more wrong. >> steve: yeah. turns out to be that case. all right. mr. trump, thank y
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on for falcons fans harris, a 20-0 deficit. en russell wilson, down 14-0 and led them back to victory and took the lead, the seahawks did with 31 seconds left with the atlanta falcons into the next round, the championship game where they will host and a big win for matt ryan, his first career playoff victory and that's important, because he was drafted in the first round to kind of resurrect the falcon franchise after michael vick had the disastrous mess that took them downward. and we're looking at the winning field goal. and the nfc championship is set. and the 9ers handled green bay last night. what kind of matchup are we talking about here? >> a good regional matchup. southeast and then the falcons and atlanta against the west coast and 49ers. jim harbaugh has a second year quarterback, colin kaepernick who ran the ball well and as a starter, and some people thought it was a foolish gamble, but worked so far, he obviously can throw the ball as well and then, you have the falcons who will be at home and i have to say it was the noiseiest i heard the georgia dome in years and they encouraged
much pork and would only add to the federal deficit. >> that's not sitting well with republicans and democrats from the northeast. here's abc's david kerley. >> i need help so bad. >> reporter: 2 1/2 months and the victims of sandy and their representatives have had enough. >> they have suffered long enough. they need to hear from their government. >> reporter: they are helping. but in chunks. congress passed more than $9 billion in aid a week ago. but the states and the president have asked for another $50 billion. instead, the house plan calls for just $17 billion for what it calls emergency aid. >> absurd! absolutely absurd! we demand nothing less than we have given the rest of the country. >> reporter: and surprisingly, some republicans are from hurricane regions. one from mississippi called for more help just last year for katrina relief. but opposed sandy relief, making him a target for skewering. >> many of my constituents in mississippi are still dealing with the effects of hurricane katrina. >> it's someone else's constituents in new york. instead of seven years later, i
our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. i know we don't have unanimity in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something. we have to act. and i hope we all agree, there is
of the debt ceiling, but because they want a credible deficit reduction plan, and the president doesn't seem to be interested in actually coming up with a credible way to deal with the amount of spending we are doing in this country. bill: if that is the says, doyoo many me, do you think it can get through the senate. >> i imagine harry reid under the direction of the president will try to block these things. i'm going to continue to cosponsor senator haopl me's plan. we have a spending problem in this country. they know it in wyoming, families have to balance their budget every year. many states do. we do in wyoming. it's time for this senate and the house and the president to get serious about limiting our spending and specifically the wasteful spending that continues. in the last hour stewart varney and martha talked about some of the abuses that continue to go on. people know that their tax dollars are being wasted. we need to get the spending under control. bill: two days ago brit hume told us this will be bloody, this battle. will it? >> the future of our country is at stake here and t
means of controlling deficits, and a danger to this country's standing in the world financial markets. >> we must not permit and artificial debt ceiling to throw the country into default and our economy into chaos and depression, which is exactly what the republicans are threatening to do. jon: some conservative groups warn that removing the limit is a recipe for economic disaster, as we're seeing now in greece. the leaders of heritage action family research council and club for growth writing in an op ed they want congress to balance the budget within ten years and keep it balanced. quote, no american should have to tell an eight-year-old child that we cannot get our nation's house in order by the time she goes to college. there are many ways to get to a d republicans haved both an obligation to explain what path they will choose. jonah goldberg is editor at large for national review online, he's also a fox news contributor. get rid of the debt ceiling all together? jonah, what do you think about that idea? >> well i don't think it's a disaster if we got rid of the debt ceiling but i
form deliberate of an overhang lie the u.s. there is an issue with respect to fiscal deficit. where we saw the debt ceiling. so if that were to get into any kind of a logjam, not getting results, there can be some amount of sentiment that can impact us. and impact the customers and, therefore, to us. similarly in india, you look, the budget is going to come up in february. worry seeing further moderation in interest rates. but we still do not know, because quarter four tends to be a very good quarter. we have concern because we have very good revenue comes from india gee of fee. but some of those moves that will happen by the government and therefore the decision for investment and therefore there is a little bit of uncertainty. that is a big reason why we have given a guidance of .5% to 3% in large range. >> suresh -- >> based on the deal plan that we have, we feel that -- what? >> so just to be clear, you're basically saying just so people know what we're talking about, the guide kwans for the current quarter was between 1.2% and 3.5%. you came in at 2.4% revenue growth. your guidanc
. germany's problem is the reverse. it's been running a huge surplus which is the deficit of the other countries of europe that they cannot finance. >> correct. >> that is the essence of the european crisis. >> but in a global environment -- >> the whole question with respect to the u.s. is whether we can sustain our current account relationship with the rest of the world. and particularly with china. and that's a decision that the rest of the world will make. it's completely -- >> james, are we -- we added a new entitlement, obama care, which some, i don't know what that's going to cost. there's some groups, i guess they would call them, if they're too conservative, but trillions and trillions of dollars of additional entitlements that we've just layered over the entitlements we already have. are we at the right level now? is this the perfect level of promises we've made? or would you even go above where we are right now? >> well, i think the problem that we have is that our health care sector is bloated by this enormous private insurance system that we have. this sort of mixed bag of
. that california is nowhere near balancing the budget. they have had multibillion-dollar deficits in the past. what i like to do, some of my friends who don't believe taxes matter including the guy in the white house, i say if you don't think taxes matter and affect behavior, explain to me, bill, why it is there has been about 500,000 new jobs over the last 10 years created in texas with no income tax and where california lost about 500,000 jobs? there is lot of factors but i think taxes are one of them. bill: 13% for california. if that is the case they leapfrogged hawaii. matt, give you the last point. if bobby jindal gets his way do folks in louisiana have a better chance at tracking jobs? >> absolutely yes. look at call to, what jerry brown is doing is short-term fix. bringing money by increasing taxes but the long-term effect jobs will leave, people will leave and hurt the economy long term. bill: matt, thank you. steve moore, thank you as well. e-mail is hemmer@foxnews.com. viewers on home on twitter that follow me, @billhemmer, file your one word, not one word, one line. martha: one word is
and deficit spending. those are -- >> a balanced way. i'm sure he'll use that language as well. >> a balanced way. opposing goals, but he intends to do them both. >> lynn, do you think we'll hear any talk of energy or climate change at all in the speech tomorrow? >> i do. i think climate change will be an added starter when we look at agenda goals, and i don't know if we had this discussion two months ago, even if curbing gun violence would have been something we would have thought would come up tomorrow. >> yeah. >> but i think that it is -- it is just something that the obama administration did not put a super emphasis on in the last four years and will be something that we'll hear about, in addition to the things that bill talked about. but i think somehow that obama will try to still cast himself as somebody who can try to bring more calm voice to civic discourse. i don't see how it could happen right away, because it didn't happen in the last four years. not sure how he can figure out how to navigate is this time. >> let's listen to some of the other promises made in the president's last
and deficit situation, the standoff he has with republicans. and then get washington out of the way so that the economy can take off. they're their are good signs that the economic recovery is getting into a fairly healthy territory. but the threat to confidence, the uncertainty around the recurring crises we've had over the debt limit, over the fiscal cliff have been an impediment. if he can get that out of the way, he could then move to some of his other priorities and watch the economy grow over the next couple of years. >> i want to talk about the priorities in a second. you brought up this standoff. you know, one point, of course, there were democratic majorities in the house and senate, making it much easier to get some of those priorities through. now he only has the senate. how will that affect the president's wish list in the second term? >> well, he has the good fortune on the immigration issue which is one of his big priorities after the economic recovery and growth. from the fact that republicans know from the recent election results that they need to get healthy with hispa
a fifth year in a row where we are going to have a deficit exceeding a trillion dollars a year. that's the greatest threat to the middle class in america and we are committed to trying to address that problem. that's one of the reasons why i voted against the fiscal cliff deal. the president called for a balanced approach. i think his approach raising taxes is not the way to grow our economy. nonetheless, he indicated there would be spending cuts. there were not. in fact there were spending increases in that bill. host: fix boxer's original assault gun ban. echoing a recent poll that said 30% of those polled are dissatisfied with gun laws, want to see them strengthened. not specific gun laws but, you know, saying we need to reinstitute the assault weapons ban and fix it. guest: well, the evidence -- again, we are certainly willing to listen to proposals that are offered by the president and his commission and by others, but the original assault weapons ban was not a meaningful law because it did not distinguish between the so-called assault weapon and other types of firearms that fir
from the social media giant. plus, senator rob portman on the deficit battle shaping up in congress. "squawk box" starts tomorrow at 6:00 a.m. eastern. let's go. ♪ ♪ ♪ [ male announcer ] introducing the all-new cadillac xts... another big night on the town, eh? ...and the return of life lived large. ♪ nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro.
Search Results 0 to 29 of about 30 (some duplicates have been removed)